KW Insights | $196m Vic State Support for Construction
The Victorian Government has announced a new support package worth $196.6 million for construction businesses most affected by lockdown restrictions.
The ‘Business Costs Assistance Program Round Four – Construction’ grants will provide a one-off payment to eligible businesses (including sole traders) covering the restrictions period from 21 September to 4 October as follows:
$2,000 for non-employing sole traders.
$2,800 for businesses with a payroll of up to $650,000.
$5,600 for a payroll of $650,000 to $3m.
$8,400 for a payroll of $3m to $10m.
To be eligible, businesses must be registered under a relevant construction-sector ANZSIC code, have incurred direct costs due to the restrictions and be registered for GST. Businesses must not have previously received support under the Business Costs Assistance Program or the Small Business COVID Hardship Fund.
Applications for the Business Costs Assistance Program Round Four – Construction are now open.
The COVID-19 Disaster Payment continues to be available for construction workers who lose hours of work due to restrictions and also eligible sole traders.
Prioritising COVID safety in the industry
The Victorian Government have announced a plan for the COVIDSafe restart of the construction industry on 5th October 2021.
Under this plan, the Victorian Chief Health Officer has made it a requirement for all workers to have received their first dose of a COVID‑19 vaccine prior to returning to the worksite.